Foot Locker Inc will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business beyond malls and extend its reach in Asia.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
LVMH’s premium beauty operation Sephora has confirmed the widely expected acquisition of Feelunique. It has signed a deal with Palamon Capital Partners and other shareholders to take over the UK-based beauty e-tailer.
Ahead of the lingerie brand’s spin-off as a separate business, L Brands held an investor day on Monday to outline plans for the future of Victoria’s Secret, including new store concepts and digital development.
Kline’s latest report discusses the effects of the Covid-19 pandemic on the U.S. beauty industry in 2020 and highlights further digital innovation and integration as the sector’s route to recovery in 2021 and beyond.
Being a listed business has its advantages, but also means closer scrutiny and a need to respond to the interests of shareholders. Both long-time-listed JD Sports and newcomer THG have felt this keenly in recent days.
In a busy calendar on the third day of Paris' menswear week, 10 of the 12 houses on the official calendar presented their collections online, without any live audiences. The key message - to thine own self be true.